The UAE government has unveiled a cutting-edge “Know Your Customer” (KYC) digital platform, a transformative initiative aimed at boosting transparency in the banking sector, streamlining identity verification processes, and combating financial crime. Launched under Federal Decree-Law No. 30 of 2024, the platform marks a significant milestone in the Emirates’ efforts to modernize its financial infrastructure and position itself […]
In a groundbreaking partnership, Vizpro and CreditBook are set to revolutionize the grocery retail sector in Pakistan by unleashing its untapped potential. Combining their expertise in digital payments and shariah-compliant financing, the collaboration aims to provide much-needed financial support to an underserved segment of the business community. Vizpro, renowned for its success in digital collections […]
SINGAPORE: Bitcoin surged past $96,000 for the first time on Thursday, fueled by investor optimism over a potentially friendlier regulatory environment under US President-elect Donald Trump. The cryptocurrency reached an intraday high of $96,898 in Asian trading, marking a significant leap in its march toward the $100,000 milestone. The digital asset has more than doubled […]
The State Bank of Pakistan (SBP) has issued a license to E-Processing Systems Private Limited (EPSPL), enabling the company to commence commercial operations as an Electronic Money Institution (EMI). In its official statement, the central bank highlighted that EPSPL, under this license, will offer e-money wallets to consumers, merchants, and agents. This development brings the […]
Islamabad, Pakistan – November 20, 2024 PayFuture, a leading global payment technology provider, has officially launched its operations in Pakistan, marking a pivotal step in connecting international businesses to one of South Asia’s most promising ecommerce markets. With its advanced payment technology and comprehensive understanding of local regulations, PayFuture aims to simplify market entry for […]
KARACHI – Pakistan’s leading fintech platform, JazzCash, has announced an ambitious goal to empower more than 300,000 women-led businesses and women freelancers by the end of 2027. This initiative underscores JazzCash’s commitment to recognizing the pivotal role women play in driving economic productivity and innovation in Pakistan. Currently serving over 44 million customers, JazzCash has […]
Singapore: Bitcoin reached an all-time high of $94,078, fueled by reports suggesting that Donald Trump’s social media company, Trump Media and Technology Group (TMTG), is in advanced talks to acquire the cryptocurrency trading platform Bakkt. The surge reflects growing optimism about a crypto-friendly stance under the incoming Trump administration. The cryptocurrency, which has more than […]
Karachi, Pakistan: BankIslami, one of the nation’s leading Islamic banks, has unveiled its redesigned mobile app, promising a seamless, secure, and user-friendly banking experience tailored for customers across Pakistan. The enhanced app aligns with the bank’s mission to empower users with innovative tools while adhering to Islamic banking principles. The revamped app introduces powerful features […]
Karachi, November 19, 2024 – E-Processing Systems Pvt. Ltd. (EPS) has achieved a major milestone by securing a commercial license from the State Bank of Pakistan (SBP) for its digital platform, OneZapp, to operate as an Electronic Money Institution (EMI). This breakthrough positions EPS to address financial exclusion and accelerate the adoption of digital payment […]
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has launched the Islamic Capital Market Development Committee (ICMDC) to foster growth, innovation, and resilience in Pakistan’s Islamic capital markets. The inaugural meeting of the committee, chaired by Dr. Irum Saba, Associate Professor at IBA Karachi, brought together industry experts, Shariah scholars, market stakeholders, and representatives […]